SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 0-18954
(Check One)
/X/ Form 10-K and Form 10-KSB / / Form 11-K
/ / Form 20-F / / Form 10-QSB / / Form N-SAR
For period ended June 30, 1996
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/ / Transition Report on Form 10-K and Form 10-KSB
/ / Transition Report on Form 20-F
/ / Transition Report on From 11-K
/ / Transition Report on Form 10-Q and Form 10-QSB
/ / Transition Report on Form N-SAR
For the transition period ended
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the items(s) to which the notification
relates:
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PART I
REGISTRANT INFORMATION
Full name of registrant Communications and Entertainment Corp.
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Former name if applicable
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Address of principal executive office (Street and Number) 1875 Century Park
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East, Suite 2130
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City, State and Zip Code Los Angeles, CA 90067
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PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
/X/ (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable
effort or expense;
/X/ (b) The subject annual report, semi-annual report, transition
report on Forms 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the 15th calendar
day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, 10-QSB,
or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period (Attach extra sheet if needed.)
During the fiscal year ended June 30, 1996, there occurred a change in
control of the Registrant resulting in a complete change in the composition of
the Board of Directors and executive management of Registrant. In addition, as
part of the management transition, Registrant retained the services of a new
Chief Financial Officer in June, 1996, immediately prior to the end of the 1996
fiscal year. As a result of these changes in the Board and the executive and
financial management of Registrant, the Report of Form 10-K for the fiscal year
ended June 30, 1996 could not be filed on the prescribed due date without
unreasonable effort or expense as new management familiarizes itself with the
business, legal and accounting functions of Registrant.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Howard J. Kerker 212-921-2888
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(Name) (Area Code) (Telephone)
(2) Have all other periodic reports required under Section 13 or 15(d) or the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceeding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
Identify report(s).
/X/ Yes / / No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
/ / Yes /X/ No
If so: attach an example of the anticipated change, both narratively and
quantitatively, and if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Communications and Entertainment Corp.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date September 26, 1996 By /s/ Stephen R. Greenwald
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Stephen R. Greenwald, Chief Executive Officer
